Does Canada's Weed Policy Show Way Forward On Blockchain Regulations?
Canada is showing the world the way forward on marijuana legalization. In Ontario, superior and appellate courts have ruled that Canada’s cannabis laws are null and void. Challenges to change federal law towards decriminalization, on the other hand, have failed. There’s a lesson to be learnt for blockchain regulators here. Nevertheless, Health Canada does regulate cannabis for medicinal purposes in a system industrial nations are looking towards as an example. As well, hemp plant cultivation is legal in Canada for seed, grain and fiber production. Public opinion finds more-and-more....
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Regulators & Bitcoin. New York’s BitLicense was a particular hot topic for the weekend. Bruce Fenton told the audience at TNABC that current regulators aren’t our friends. Some of the specific regulations regarding New York’s BitLicense seem a bit excessive. Lawsky has said that the regulations are to weed out bad actors, but such measures can weed out even good actors. Fenton called Lawsky’s hearing and TV appearances a masquerade. Regulations haven’t really the community’s expectations. Although that may be the case the governors that elect the regulators are so citizens can call them....
Interest in blockchain technologies in Canada is growing rapidly as new fintech startups and blockchain ventures are launched and governments indicate they are interested in the possibility of Canada becoming a global fintech/blockchain hub. Even the central Bank of Canada is getting in on the act conducting experiments with blockchain technology and digital currencies. A recent AdvantageBC study said that Canada, particularly the western province of British Columbia, is well positioned with technical expertise and a vibrant fintech ecosystem to lead the world as a global fintech hub of....
With news today that Canada is regulating bitcoin at the national level, gambling websites Just-Dice and Doge-Dice (under same ownership and presumably run from Canada) have announced that they are ceasing account depositing and betting for the foreseeable future. The news comes from the sites' official blog in a post made by a staffer that simply goes by 'Deb': As some of you know and many of you are going to find out, we have determined that the best course of action following Canada's new regulations regarding 'online currency' is to temporarily disable betting and depositing on both....
“It’s time to move the crypto policy debate from "we need regulation" to 'what are the impacts of specific regulatory proposals?’” said Chamber of Progress. The tech trade group Chamber of Progress called on members of the United States Senate and House of Representatives for regulatory clarity in the crypto space in an effort to prevent firms from leaving the country.In a Wednesday letter addressed to eight committee chairs in the House and Senate, Chamber of Progress financial policy director Janay Eyo urged Congress to consider moving forward on “substantive legislation to ensure the....
In two weeks the crypto community will take Canada by storm at the Toronto Bitcoin Expo 2014. Organized by The Bitcoin Alliance of Canada, the conference will span three days, from April 11 to 13. Earlier today, Bitcoin Expo announced exhibitors, sponsors and conference highlights that attendees can look forward to at the first-ever event of its kind in Toronto. The Bitcoin Alliance of Canada aims to raise awareness of Bitcoin among Canadian consumers, merchants and policy makers. The organization has a strong focus on the adoption of Bitcoin and other virtual currencies throughout Canada,....